Retail Loss Prevention Software Solutions

When it comes to controlling retail shrink, detection means protection. This applies to both direct merchandise theft and register-based fraud, each of which typically accounts for roughly half of total employee theft. It’s a serious challenge: Estimates suggest that close to half of all dollars lost to shrink are attributable to employees—the largest overall portion—when compared with consumers, vendors, or errors.

These days, basic surveillance simply isn’t enough to guarantee that your retail loss prevention efforts will bear fruit. Any serious attempt to combat losses must also involve comprehensive POS systems data analysis and exception based reporting to identify unauthorized discounts, "sweet hearting," invalid returns, and cash shortages. However, traditional loss prevention methods simply cannot keep pace. By relying on manual exception based reporting procedures and point-of-sale analysis, it could take weeks to audit the registers of even a single store. And calculating permutations of transactional activity to highlight patterns and trends would be almost impossible.